Gov't to launch task force for local firm participation in global next-gen aircraft development

The government on Thursday launched a public-private task force aimed at promoting Korean companies' participation in next-generation aircraft development projects from major global manufacturers.

An inaugural meeting of the group was held in Seoul and attended by officials from the government, related companies and aerospace experts, the Korea AeroSpace Administration (KASA) said.

The task force will explore government-wide support measures to improve the technical competitiveness of local companies and secure investments while acting as a negotiating body representing local companies in related fields, the agency said.

The public-private partnership comes as global aircraft manufacturers, such as Boeing and Airbus, are expected to start programs aimed at developing next-generation commercial aircraft in the coming years.

KASA expects that the projects could begin on a full scale around 2030 and vowed to help companies become a "driving force" in their manufacturing supply chain.

Yonhap